Earn up to
12% p.a.
A comprehensive guide on how to lend Synthetix Network (SNX)
We have a wealth of data on lending Synthetix Network (SNX) and we're happy to share some of this with you.
We present some lending options with other coins that may be of interest.
Synthetix Network (SNX) is currently priced at USD 0.23 with a 24-hour trading volume of USD 38.11M. The market cap of Synthetix Network stands at USD 614.86M, with 339.47M SNX in circulation. For those looking to buy or trade Synthetix Network, YouHodler offers avenues to do so securely and efficiently
Lending Synthetix Network can be a great option for those who want to hold SNX while earning yield. The steps may seem a bit daunting, especially the first time you do them. That's why we've put this guide together for you.
To lend Synthetix Network, you need to possess it. To acquire Synthetix Network, you'll need to buy it. You can select from these popular exchanges.
Once you have SNX, you'll need to choose a Synthetix Network lending platform to lend your tokens. You can find some options here.
| Platform | Coin | Interest rate |
|---|---|---|
| YouHodler | Synthetix Network (SNX) | Up to 12% p.a. |
| Aave | Synthetix Network (SNX) | Up to 0.23% p.a. |
| Bitget | Synthetix Network (SNX) | Up to 1.5% p.a. |
| Blockchain.com | Synthetix Network (SNX) | Up to 15% p.a. |
Once you've chosen a platform to lend your Synthetix Network, transfer your Synthetix Network into your wallet on the lending platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so weekly or monthly.
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Ensure your lending platform pays compounding interest to maximise your returns.
Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
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